Overview / Commentary
First Choice Community CU (TN) is headquartered in Knoxville and is the 66th largest credit union in the state of Tennessee. It is also the 2,635th largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 16 employees and 5,180 members at 3 locations. First Choice Community CU (TN)'s money market rates are 14% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
First Choice Community Credit Union of Tennessee is open to the residents, church members, registered students, and the people that maintain employment within these qualified counties: Knox, Blount, Jefferson, and Sevier.
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Community CU (TN) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67185 |
| Year Chartered | 1934 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 2.33% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $37.1MM$36.9MM |
| Loans | Q3 2019vs Q3 2018 | $19.1MM$19.0MM |
| Deposits | Q3 2019vs Q3 2018 | $30.6MM$30.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $6.2MM$6.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $150.00K$129.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $62.00K$77.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |